A study commissioned by the U.S. Energy Department says that natural gas exports are generally good for the U.S. economy, leading to net economic benefits that outweigh the downsides resulting from higher natural gas prices.
The long-awaited study, twice delayed by the Energy Department, will help the Obama administration decide whether to approve more than a dozen proposals to export U.S. natural gas.
The Energy Department had delayed decisions on the pending projects until the study was complete.
The study delivers a solid endorsement of natural-gas exports at a time when the issue is hotly debated.
"Benefits that come from export expansion more than outweigh the losses ... and hence LNG exports have net economic benefits in spite of higher domestic natural gas prices," study authors NERA Economic Consulting say.
Copyright (c) 2012 Dow Jones & Company, Inc.
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